Global Automotive Hydraulics System Market

Automotive Hydraulics System Market Size, Share, Growth Analysis, By Component(Master Cylinder, Slave Cylinder, Reservoir, and Hose), By On-Highway Vehicles(Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By On-highway Vehicles(Passenger Car, Light Commercial Vehicles, Heavy Commercial Vehicles), By Off-Highway Vehicles(Agriculture Equipment, and Construction Equipment), By Application(Brakes, Clutch, Suspension, and Tappets), By Sales Channel(OEM, and Aftermarket), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25A2318 | Region: Global | Published Date: November, 2024
Pages: 224 | Tables: 143 | Figures: 75

Automotive Hydraulics System Market Dynamics

Drivers

Increased Focus on Smart Water Treatment

  • Various vendors in the aquatic ecosystem continue to invest in research and development to develop advanced aquatic equipment and provide better solutions for customers. For example, Integrated Brake Control (IBC), a non-vacuum, integrated electric-hydraulic brake by ZF Group uses a control unit that can build electronic stability control, vacuum boosters, vacuum pumps, and cables, sensors, switches, and controllers that go with them. It provides regenerative braking in one integrated package and covers powerful, fuel-efficient vehicles without the need for an additional vacuum pump. One of the key innovations to drive market expansion is the development of smart water treatment plants.

Emphasizing the Vehicle Safety

  • One of the most important factors driving the growth of the global automotive hydraulic system market is the increasing demand for advanced safety features in vehicles. Automotive industry is increasingly installing hydraulic systems in vehicles to enhance safety and performance has increased. For example, a hydraulic braking system improves braking efficiency, quicker timing and better control of vehicle power to enhance road safety. Furthermore, the adoption of a hydraulic power steering system increases driving and driver comfort, and further increases the demand for vehicle climate systems.

Restraints

High construction and maintenance costs

  • Hydraulic equipment requires precise steel fabrication and engineering to produce high-quality hydraulic systems. There are barriers to the cost for small and medium enterprises (SMEs) to enter the hydropower market. In addition to the initial cost of hydraulic equipment, there are also maintenance costs over a period. Hydropower plants have many things to take care of besides oil precipitation. The condition and finish of the cylinder rod should be checked regularly. When the rod is bent, the weight can change. Thus, the high cost of manufacturing and maintenance will hamper the growth of the global automotive hydraulic system market.

Environmental Concerns and the Shift to Electric Vehicles

  • A remarkable restraint of environmental disturbance is generally applied mainly to water, decision problems, indeterminacy and practical applications in water systems with traditional water system. Traditional hydraulic systems, particularly those used in power steering and braking, rely on fluid-based mechanisms that pose environmental challenges due to fluid leaks, disposal issues, and the use of non-renewable resources. Possibilities have an impact. However, hybrid vehicles can continue to use hydraulic systems in certain applications, partially alleviating this limitation.
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FAQs

Global Automotive Hydraulics System Market size was valued at around USD 40.9 billion in 2022 and is expected to rise from USD 42.5 billion in 2023 to reach a value of USD 56.1 billion by 2031, at a CAGR of 3.7% over the forecast period (2024–2031).

The competitive environment of the Global Automotive Hydraulics System Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Key players competing in the global market are AISIN CORPORATION; BorgWarner Inc.; Continental AG; DANTAL HYDRAULICS; FTE Automotive; Hydra-Slide; Melrose Industries PLC; NSK Ltd.; Robert Bosch GmbH; RR Parkon; Schaeffler AG; WABCO; Warner Electric; and ZF Friedrichshafen AG.These companies adopted development strategies including collaboration, product launches, mergers, acquisitions, partnerships, and production expansion to expand their consumer base globally. 'Robert Bosch GmbH ', 'Continental AG ', 'ZF Friedrichshafen AG ', 'BorgWarner Inc. ', 'Eaton Corporation ', 'Aisin Seiki Co., Ltd. ', 'Dana Incorporated ', 'Magna International Inc. ', 'Knorr-Bremse AG ', 'Nexteer Automotive Group Ltd. ', 'Mando Corporation ', 'Hitachi Astemo, Ltd. ', 'Brembo S.p.A. ', 'Schaeffler AG ', 'Nissin Kogyo Co., Ltd. ', 'Hyundai Mobis Co., Ltd. ', 'FTE Automotive Group ', 'WABCO Holdings Inc. ', 'GKN Automotive ', 'Tenneco Inc.'

Various vendors in the aquatic ecosystem continue to invest in research and development to develop advanced aquatic equipment and provide better solutions for customers. For example, Integrated Brake Control (IBC), a non-vacuum, integrated electric-hydraulic brake by ZF Group uses a control unit that can build electronic stability control, vacuum boosters, vacuum pumps, and cables, sensors, switches, and controllers that go with them. It provides regenerative braking in one integrated package and covers powerful, fuel-efficient vehicles without the need for an additional vacuum pump. One of the key innovations to drive market expansion is the development of smart water treatment plants.

Increasing Manufacturing Activities: Increasing manufacturing and e-commerce activities, due to technological expansion across the globe, has led to demand for transportation equipment, which has led to a rise in commercial vehicle sales. This is likely to drive the market. Commercial vehicles are constantly loaded remotely, all year round. This requires vehicle systems that can withstand heavy loads without compromising fuel consumption and energy efficiency. Hydraulic systems are simpler, safer and more cost-effective because they have fewer moving parts compared to electrical systems. This provides an upgrade from hydraulic to electrical systems and electrification of passenger vehicles is expected in the near future. Hydraulic systems for commercial vehicles will be used, in order to capture the largest market share for hydraulic systems, during the forecast period.

Asia Pacific is expected to maintain its market dominance. Growing population in the region and urbanization are the major factors driving the market expansion of automotive plumbing systems. The emergence of China as a major global manufacturing hub has boosted demand for passenger cars. The availability of infrastructure and cheap labor boosts the production of automotive fluid energy systems in the region.

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Global Automotive Hydraulics System Market

Report ID: SQMIG25A2318

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